Market Corrections: Should pre-retirees be frightened? October has not been a great month for the market. The S&P 500 - one of the measuring sticks that is commonly used by investment and major news organizations - is down around 9% for the month, erasing most of the gains we've [...]
Employee FAQs: Have I saved enough to retire? Have you saved enough in your Lockheed Martin 401k to retire? If you are getting close to retirement, than that's probably a question you've asked yourself a few times. So how do you know? Let's take a look. How much will [...]
According to a recent study by Northwestern Mutual, 78% of Americans are "extremely" or "somewhat" concerned with having enough money to retire. So if you are a part of that 78%, how do you save more towards your Lockheed Retirement? Let's take a look at a few options that [...]
Over the last few months, I have been describing the changes that are occurring with Lockheed Martin retirement benefits. A lot of these changes are affecting those with a LM pension, but many new employees hired after 2006 weren't offered a pension option at all. So what are they [...]
College football season is here, and I LOVE IT. There's nothing like eating some great food, drinking a tasty beverage and watching your team battle it out on the field. Much like a football team preps for an upcoming season, you must do your homework and do a little [...]
Common questions about the Lockheed Martin Retirement Plan Change In 2014, Lockheed Martin announced they will make changes to the company's retirement benefits package. If you were affected, you probably know it by now, as the changes started taking affect in 2016 and will be complete in 2020. Below [...]
When you log into your Empower Lockheed Martin 401k account you might have seen investment options named target date fund 20xx. These are funds you can invest in other than the traditional investment options (S&P 500, common stock fund, broad market bond index, etc.) that have a mix of the [...]
When a new Lockheed client meets with me, one of the first questions on their mind is “Do I have enough to retire?” That’s usually the reason that brings them to set up a time to meet. Basically, what you are trying to determine is whether or not the [...]
At retirement, a very common question we are asked is, “Should I use my 401k from work to pay off my mortgage when I retire?” Getting rid of that monthly payment can seem like a great idea to lower your expenses during retirement. A lot of factors can determine [...]
"Should I use a robo-advisor for my Lockheed Martin retirement?" The term "robo-advisor" has become an investing buzz-word over the last several years. I thought I'd try to take a big picture look at what the term means and look at the positives and negatives of using a robo-platform for [...]
